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16.—(1) Every register which an Operator is required to maintain by virtue of these Regulations shall be kept in the United Kingdom.
(2) Provided that it is kept in the United Kingdom, any such register which relates to securities issued by a company shall be deemed to be kept—
(a)in the case of a company registered in England and Wales, in England and Wales; or
(b)in the case of a company registered in Scotland, in Scotland.
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